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Boart Longyear Group Balance Sheet Health
Financial Health criteria checks 4/6
Boart Longyear Group has a total shareholder equity of $292.1M and total debt of $208.0M, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are $824.3M and $532.1M respectively. Boart Longyear Group's EBIT is $60.4M making its interest coverage ratio 2.6. It has cash and short-term investments of $47.9M.
Key information
71.2%
Debt to equity ratio
US$207.98m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$47.91m |
| Equity | US$292.11m |
| Total liabilities | US$532.15m |
| Total assets | US$824.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BLYF.F's short term assets ($434.6M) exceed its short term liabilities ($226.0M).
Long Term Liabilities: BLYF.F's short term assets ($434.6M) exceed its long term liabilities ($306.2M).
Debt to Equity History and Analysis
Debt Level: BLYF.F's net debt to equity ratio (54.8%) is considered high.
Reducing Debt: BLYF.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BLYF.F's debt is well covered by operating cash flow (26.8%).
Interest Coverage: BLYF.F's interest payments on its debt are not well covered by EBIT (2.6x coverage).